Apple: iPad Expands Addressable Market 50M Units, Analyst Says

The Apple (AAPL) iPad expands the company's total addressable market by at least 50 million units, according to Deutsche Bank analyst Chris Whitmore.

In a research note this morning, Whitmore suggests that the iPad effectively is the company's attempt to redefine the netbook and low-end notebook market. He thinks the devices will "compete very well" in that arena, "particularly in the segment of the market where surfing, reading, game playing and emailing dominate the usage model." Whitmore contends...